Process to sell the stake Empresa de Energía de Bogotá S.A. E.S.P. holds in Isagen S.A. E.S.P.
19 April 2016
Empresa de Energía de Bogotá S.A. E.S.P. informs the general public by means of a relevant information mechanism, pursuant to Decree 2555 of 2010 and other applicable standards, that on 19 April 2016 the newspaper Portafolio has published an add announcing the opening of the First Stage of the Sales Program of the stake Empresa de Energía de Bogotá S.A. E.S.P. holds in Isagen S.A. E.S.P.
Within this First Stage, Empresa de Energía de Bogotá, S.A. E.S.P. will offer the solidarity sector the entire stake it holds in Isagen S.A. E.S.P., which corresponds to sixty eight million seven hundred and sixteen thousand (68.716.000) common stocks, equivalent to 2.52% of shares outstanding in such company. During the First Stage, the shares will be offered preferably and exclusively to the solidarity sector at a fixed price of COP$4.130 per share, under special conditions and mechanisms to ensure extensive publicity and free competition. The First Stage will last two (2) months as of the following date in which the add announcing the First Stage is published.
The First Stage will be governed by that set forth in Law 226 of 1995, in Decree 172 of 12 April 2016, in Regulations regarding the First Stage issued by Empresa de Energía de Bogotá S.A. E.S.P., in the Operating Guidelines issued by the Colombian Stock Exchange and in all other documents related to the sales process.”